SWX:ZHT Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	3,019	2,957	3,891	3,417	2,456
Other Revenue	-	24.63	40.71	37.11	27.43
Revenue	3,019	2,981	3,932	3,454	2,483
Revenue Growth (YoY)	1.27%	-24.18%	13.83%	39.09%	66.34%
Cost of Revenue	2,628	2,082	2,520	2,353	1,849
Gross Profit	391.25	898.75	1,412	1,101	634.11
Selling, General & Admin	-	262.76	256.01	398	249.5
Research & Development	-	257.15	243.56	207.3	131.27
Other Operating Expenses	-	-8.81	-59.17	-32.79	-21.69
Operating Expenses	-	648.19	676.05	656.52	360.09
Operating Income	391.25	250.56	735.87	444.82	274.02
Interest Expense	-	-1.11	-0.58	-0.67	-0.24
Interest & Investment Income	-	99.51	92.48	23.71	23.74
Currency Exchange Gain (Loss)	-	-11.48	70.43	65.73	-56.73
Other Non Operating Income (Expenses)	5.82	-4.69	-5.82	-0.57	-2.53
EBT Excluding Unusual Items	397.06	332.78	892.39	533.02	238.25
Gain (Loss) on Sale of Investments	-	-1.42	-7.58	0.6	-
Gain (Loss) on Sale of Assets	-	0.02	0.67	-0.34	-0.79
Other Unusual Items	-	6.09	25.5	10.67	19.52
Pretax Income	397.06	337.48	910.98	543.95	256.99
Income Tax Expense	2.86	11.14	101.89	53.35	21.87
Earnings From Continuing Operations	394.21	326.34	809.09	490.59	235.12
Net Income	394.21	326.34	809.09	490.59	235.12
Net Income to Common	394.21	326.34	809.09	490.59	235.12
Net Income Growth	20.80%	-59.67%	64.92%	108.66%	-36.79%
Shares Outstanding (Basic)	606	604	599	564	568
Shares Outstanding (Diluted)	606	604	599	564	568
Shares Change (YoY)	0.36%	0.83%	6.28%	-0.64%	0.26%
EPS (Basic)	0.65	0.54	1.35	0.87	0.41
EPS (Diluted)	0.65	0.54	1.35	0.87	0.41
EPS Growth	20.37%	-60.00%	55.17%	109.99%	-36.95%
Free Cash Flow	-	63.29	-197.35	278.41	164.55
Free Cash Flow Per Share	-	0.10	-0.33	0.49	0.29
Dividend Per Share	-	0.226	0.420	0.250	0.164
Dividend Growth	-	-46.19%	68.00%	52.16%	-17.85%
Gross Margin	12.96%	30.15%	35.91%	31.89%	25.54%
Operating Margin	12.96%	8.40%	18.72%	12.88%	11.03%
Profit Margin	13.06%	10.95%	20.58%	14.20%	9.47%
Free Cash Flow Margin	-	2.12%	-5.02%	8.06%	6.63%
EBITDA	502.77	362.07	834.29	513.78	315.01
EBITDA Margin	16.65%	12.14%	21.22%	14.87%	12.68%
D&A For EBITDA	111.52	111.52	98.42	68.96	40.99
EBIT	391.25	250.56	735.87	444.82	274.02
EBIT Margin	12.96%	8.40%	18.72%	12.88%	11.03%
Effective Tax Rate	0.72%	3.30%	11.19%	9.81%	8.51%
Revenue as Reported	-	2,981	3,932	3,454	2,483
Advertising Expenses	-	0.44	0.83	0.56	0.53

Source: S&P Global Market Intelligence. Standard template. Financial Sources.